AI is a ‘Game-Changer’: Chalmers pitches ‘center | Australian Markets
Treasurer Jim Chalmers has labelled artificial intelligence a “game-changer” and referred to as on Australia to deal with it as “an enabler, not an enemy” as he vows to “find middle path” between productiveness and job losses.
Speaking in Canberra on Wednesday, the Treasurer welcomed the Productivity Commission’s AI report which had conservatively estimated AI may add more than $116 billion to Australia’s economic system over the following decade.
He declared the difficulty has been central in his “boardroom blitz” forward of a three-day productiveness roundtable later this month however performed down fears of widespread job losses and copyright theft for the humanities neighborhood and publishers.
Dr Chalmers mentioned the Albanese Government would search to chart a center path between the “let it rip crowd” and people eager to “pull their doona over their head”.
“There’s the ‘let it rip’ crowd. The people who pretend that we can turn back time. Or there’s our approach, which is a sensible middle path, which recognises the big economic upside of artificial intelligence, without forgetting our primary responsibilities for people,” he mentioned.
“Obviously, as a Labor government, as a human being, you don’t want to see people unnecessarily, put out at work.
“I’m optimistic that AI can be a force for good, but I’m also realistic about the risks. It is not beyond us, in my view, to maximise the opportunities of AI while we manage the risks the best that we can, and that’s really consistent with the approach in the PC report released overnight.”
Dr Chalmers additionally mentioned he hopes to search out a center path on regulation of AI, saying “you can overdo it, you can underdo it when it comes to regulation”.
He mentioned unions have been additionally half of ongoing discussions and the Albanese Government wished to see employees benefit from AI and never be the victims of technological change.
“Our job is to make sure that people have the skills they need to adapt and adopt this kind of technology. It’s about complementing people’s work, not always just automating it,” he mentioned.
“We can chart a middle course that makes our workers and our people and our industries beneficiaries, not victims, of technological change.”
His AI push got here because the Treasurer convened an Investor Roundtable on Wednesday, with round $3 trillion of institutional buyers.
It marks one of 41 aspect summits in particular coverage and industry areas forward of his important roundtable on August 19-21.
“Our goal is to unlock investment, unblock regulation, and unleash more productivity over time,” he mentioned.
“We know that one of our big productivity challenges is not enough capital deepening in our economy, and so this is all part of our efforts to make sure that we can fund and finance and regulate an economy where investment and capital flows more efficiently.”
Dr Chalmers mentioned he’s already acquired about 900 submissions to feed into his key roundtable.
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